http://www.leaderpost.com/business/o...181/story.html
Proposed Regina office building gets go-ahead, new name
BY BRUCE JOHNSTONE, LEADER-POST JANUARY 7, 2014
At 44,000 square-feet, this proposed building on Rose Street will be 16 stories tall.
Photograph by: Courtesy Dialog
REGINA — A proposed 16-storey office building on 1800 block Rose Street — which would be one of the largest office buildings in the province — was re-approved by Regina city council in December and could begin construction as early as fall of 2014, according to the developer, Anthony Marquart of Royalty Developments.
“(The initial approval) had expired, so we re-applied. We have that (re-approval) now ... That allows us to have comfort that we can put the building on there that we wish to. But any firm decisions relating to size and scope will not occur until probably the second quarter of 2014.” While essentially the same project the city approved in 2011, the $100-million-plus development now has a name, Brandt Place — and potentially an anchor tenant, Brandt Group of Companies — Marquart added.
“(The name) Brandt Place is indicative of the newest tenant, a tenant that’s going to take considerable space in the building and that’s the Brandt Group of Companies,’’ Marquart said. “That’s why we’re calling it Brandt Place. They have an interest in consolidating their offices and the Saskatchewan option for them is this site right here.”
Spokespersons for Brandt Group of Companies were unavailable for comment Monday. But Marquart stressed that the project is not a done deal yet. “The key word is potentially,’’ Marquart said. “Size and scope (of the project) is dependent upon our ability to secure the leases necessary to secure financing. But we’re certainly working toward that.’’
Marquart also clarified that the project’s proposed size — 437,000 square feet (gross) and 317,000 square feet (net) — would be one of the biggest, if not the biggest, ever built for a private sector tenant in the province. Brandt Group of Companies, which is considered the largest privately held company in the province, posted $1.4 billion in sales in 2012.
Marquart added that other tenants would also be welcomed at Brandt Place. SGI, for example, currently has an request for proposal (RFP) to four companies to build a new office building for Crown corporation. The new building would have to have 165,000 to 180,000 square feet and a larger floorplate — fewer floors, but more space on each floor — than the current 20-storey, 33-year-old building on Lorne Street and 11th Avenue.
In addition, Brandt Place would include 22,000 square feet of commercial space.
Diana Hawryluk, the city’s director of planning, confirmed the project approval expires if construction doesn’t take place within two years. But aside from the new name and potential anchor tenant, the project is essentially the same as the one approved in 2011.
This tower will certainly add to the skyline